Argentina Lithium (TSXV:LIT) is gearing up for a milestone 12 months as the corporate ramps up its drilling program at its two flagship initiatives in Argentina, the corporate’s president and CEO, Nikolaos Cacos, mentioned.
“The true important level will probably be by the center of 2024, we can have our first useful resource calculation (and) that can set the corporate on the stage for solidifying our discovery, and sharing with the funding world the magnitude of what we now have,” Cacos mentioned.
Argentina Lithium’s game-changing US$90 million funding cope with international automobile producer Stellantis (NYSE:STLA) in September 2023 allowed the corporate to speed up exploration at its Rincon West and Antofalla initiatives, each of that are flagship belongings.
“(Stellantis’ funding) modified our total technique, how we method our exploration progress, as a result of we do not have to concentrate to the short-term machinations of the inventory market. We are able to preserve a longer-term view whereas holding our strategic objective in place — defining a useful resource, defining an engineering research after which going into manufacturing,” Cacos mentioned.
The corporate can also be in place to “be energetic” whereas the remainder of the lithium business is taking a step again to preserve capital amid weakening lithium costs.
“As a junior, we’re in a really privileged state of affairs the place we’re truly rushing up and accelerating issues as we have retooled all our exploration budgets. Allowing is the one factor that has to come back into place. And that is going to come back in place over the approaching months. After which we’ll have two and three drill rigs turning on the similar time, and have the ability to advance our initiatives to that prefeasibility research stage a lot, a lot faster than we initially anticipated,” Cacos mentioned.
Watch the complete interview with Argentina Lithium President and CEO Nikolaos Cacos above.
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